Ware5 VAT Calculator A useful tool that lets you calculate the VAT values using specialized calculation formulas
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Ware5 VAT Calculator Description

Ware5 VAT Calculator is a simple and useful application that enables you to easily calculate the VAT values using specialized calculation formulas. VAT Calculation Formulas VAT Inclusive Formula: VAT Inclusive, here VAT is calculated within the selling price. Formula: ("Payable amount" X 100) / ("VAT %" + 100) = "Price" "Payable amount" - "Price" = "Actual VAT Amount" e.g.. lets assume a DVD player costs 1500.00 and a VAT of 12%, the calculation would look like:- (1500.00 X 100) / (12 + 100) = 1339.28 (rounded), 1339.28 is the price without VAT. 1500.00 - 1339.28 = 160.71 (rounded), 160.70 is the VAT VAT Exclusive Formula: VAT Exclusive, here the VAT is added to the price. Formula: ("VAT %" / 100 ) X "Price" = "Actual VAT Amount" "Actual VAT Amount" + "Price" = "Payable amount". e.g.. lets again assume a DVD player costs 1500.00 and a VAT of 12%, the calculation would look like:- (12 / 100) X 1500.00 = 180.00, 180.00 is the actual VAT Now we need to add the Actual VAT to the price. 180.00 + 1500.00 = 1680.00, 1680.00 is the payable amount.

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